DMG Blockchain Solutions (CVE:DMGI) Sets New 12-Month Low – Time to Sell?

DMG Blockchain Solutions Inc. (CVE:DMGIGet Free Report)’s stock price reached a new 52-week low on Friday . The stock traded as low as C$0.34 and last traded at C$0.36, with a volume of 384569 shares traded. The stock had previously closed at C$0.36.

DMG Blockchain Solutions Price Performance

The stock’s 50 day simple moving average is C$0.44 and its 200-day simple moving average is C$0.48. The firm has a market cap of C$59.68 million, a price-to-earnings ratio of -25.50 and a beta of 4.96. The company has a debt-to-equity ratio of 15.06, a quick ratio of 1.19 and a current ratio of 2.33.

Insider Activity at DMG Blockchain Solutions

In other DMG Blockchain Solutions news, Director Sheldon Norman Bennett purchased 99,461 shares of DMG Blockchain Solutions stock in a transaction on Tuesday, November 26th. The stock was bought at an average cost of C$0.41 per share, with a total value of C$40,281.71. 2.55% of the stock is owned by insiders.

DMG Blockchain Solutions Company Profile

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DMG Blockchain Solutions Inc operates as a blockchain and crypto-currency company in Canada. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It also offers transaction verification; co-location hosting; data center optimization, and infrastructure consulting services.

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